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pensioner and trustee and bankruptcy process

this question has two parts.

recently I found myself overextended and went to see a trustee. I was put under significant duress by my creditors calling many times each day.

I agreed to begin the bankruptcy process and on the weekend decided to change my intention. Can I change my mind and cancel the arrangement?

Secondly, I was told my monthly payment before entering the agreement would be much lower. As it turned out the increase amounted to about three hundred per-cent. I could not live on such a low income. Can anyone help adjust the fees of the trustee?

Seems to me that in any business one could expect a variance of 20 per-cent in a cost estimate and live with it.

Is anyone responsible for the governance of a trustee’s behaviour or ethics.

thank you kindly

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One Response to “pensioner and trustee and bankruptcy process”

A licensed trustee said...

If you have already signed the bankruptcy papers and filed for bankruptcy, you cannot cancel the arrangement. Once the process starts, it only ends when the process is completed, or when the bankruptcy court says it is over.

The amount you are required to pay while bankrupt is determined based on a number of factors, including your income, family size, and various expenses. If you believe you are paying too much, you should discuss it with your trustee. If you are not satisfied with what your trustee tells you, you can consult with the Office of the Superintendent of Bankruptcy (the government agency that monitors trustees).